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Stock impact report

Capsida Announces AbbVie Opt-in for First Genetic Medicine Program from Neurodegenerative Disease Collaboration [Yahoo! Finance]

CRISPR Therapeutics AG - Common Shares (CRSP) 
Last crispr therapeutics ag - common shares earnings: 8/7 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: nasdaq.com/symbol/crsp/real-time
Company Research Source: Yahoo! Finance
Jan. 7, 2025 /PRNewswire/ -- Capsida Biotherapeutics ("Capsida") today announced that AbbVie has exercised an option for the first neurodegenerative disease program under their ongoing collaboration. Capsida will receive a $40 million license payment and is eligible for additional milestones and royalties. Capsida Biotherapeutics (PRNewsfoto/Capsida Biotherapeutics) The opt-in decision was based on results from primate studies using Capsida's engineered adeno-associated virus (AAV) capsids to deliver AbbVie's novel therapeutic cargo intravenously (IV). Broad neuronal expression was achieved while simultaneously de-targeting the liver and dorsal root ganglia. AbbVie will be responsible for advancing the program into IND-enabling studies and performing clinical trials, while Capsida will be responsible for manufacturing. "Moving the first neurodegeneration program forward is a testament to the successful and collaborative work between Capsida and AbbVie. We look forward to continu Show less Read more
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